What will be the Tax impact on an individual (citizen of USA & RNOR for India)who got dividend in India and same income is exempt to him in India & what will be effect of the same in USA Tax?
Will he be liable to pay tax on the exempt (in India)dividend in USA ??
11 April 2013
In USA he shall need to pay tax on the same however whether NRI can avail any benifit of Dividend Distribution Tax under India-USA Treaty , needs to be checked.